Regulatory Alerts2022-11-25
Standards FIMA 2021 (Medical Aid Funds)
The Financial Institutions Monitoring Authority issued updated standards for Medical Aid Funds to establish comprehensive compliance and governance requirements. These regulations mandate strict financial soundness, risk management frameworks, and operational transparency for all registered funds. The revised framework enforces regular reporting, fiduciary duties, and member protection measures to ensure long-term sustainability of the medical aid sector.
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